GOLD WEEKLY Technical Analysis – 22 February 2022

GOLD Price Technical Analysis

GOLD Price Technical Analysis: Weekly Chart

GOLD WEEKLY Technical Analysis
  • In the weekly charts, Gold is trading in an upward channel.
  • Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Gold will follow an uptrend in the coming weeks.
  • The Gold crucial support level is at 1782.70 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Gold .

TRADE SIGNAL– Gold– Buy: 1,890.90, TARGET:-1,950.90, STOP LOSS:- 1,860.90.

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